Iulius announces 500 million Euro investment for urban regeneration project in Cluj-Napoca
After 15 years of presence in Cluj-Napoca, Iulius is launching the largest urban reconversion project in the country. Using an investment of half a billion euro, the Carbochim industrial platform will be converted into a ‘destination of the city‘.
Carbochim is the largest manufacturer of professional abrasives in Romania. The industrial platform spans on approximately 14 hectares, with less than 30% of the area currently utilized for manufacturing purposes, while the rest is either underused or residual. The factory will be relocated this year in the industrial area of the city, in the former industrial facilities of Tricotaje Someșul on Muncii Boulevard. More than 5 million Euro will be invested in relocating, modernizing and upgrading the production unit, without interruptions to its activity.
“We want to give to the city a piece of itself by transforming the Carbochim platform into a space for the entire community. The urban reconversion investment will be a large-scale one, in line with the general urban development strategy of Cluj. This project is designed for the present, but also for the generations to come. It expresses our vision of gratitude for the past by continuing the industrial activity, while also creating the future via a sustainable and resilient project,” said Iulian Dascălu, President of IULIUS Company.
The new project will integrate a live-arts center, an amphitheater and spaces for outdoor events, a theater and cinema hall, the largest retail area in Romania, but also a residential component.
The investment will be made in partnership with Atterbury Europe. The project is undergoing the analysis, consulting and authorization phase, with construction works expected to begin in early 2023. This is a project open to the people as early as the current phase, inviting the community to present their views on the industrial platform reconversion online at www.partedincluj.ro.